Bombardier shares rise after it secures loan of up to $1 billion, improves cash usage

The loan will provide additional liquidity for working capital as Bombardier realigns its production rates with current market conditions, the company said.Article content continued

In the second quarter, Bombardier expects pro-forma liquidity of about US$3.4 billion, and about US$1 billion of free cash flow usage. The company will report its second-quarter results on Aug. 6. In a note to clients, Desjardins analyst Benoit Porier said he was “pleased with the better-than-expected” cash usage and facility.

Did the taxpayers pay for this one too or on the hook for it down the road.

Wow another money in waste and back to square one in few years

46 to 51 cents yippee!

Does this mean they are going to repay the Canadian people for all the handouts given them?

That company should Chapter 11. Dogshit company full of crony capitalists suckling at the teat of the taxpayer.

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EU nations close in on $2.1-trillion budget and COVID-19 recovery fund during lengthy summitGroup agrees on a 750 billion euro coronavirus fund to be sent as loans and grants to the countries hit hardest by the virus fuckin Macron. Another example of a nation transfering wealth under the guise of covid because the climate change umbrella collapsed. Pragmatically, $1Trillion/36Million Canadians = $28,000/head progressively distributed where wealthy pays more. But financed through selling bonds on the open market (QE) means loss of sovereignty of a nation due to influence of the bond/stakeholders ought to be a greater worry.
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